EUR/SEK may rise 324 - 474 pips

Our pivot point stands at 11.6170.

Our preference

Rebound towards 11.6860.

Alternative scenario

The downside breakout of 11.6170 would call for 11.5900 and 11.5750.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 11.6409 and 11.6537).

Supports and resistances

11.7170 **

11.7020 *

11.6860 **

11.6710

11.6386 last

11.6270

11.6170 **

11.5900 *

11.5750 **

Number of asterisks represents the strength of support and resistance levels.